Skyharbour Resources Ltd (SYHBF)

[Akula42]

NEW AREVA AND CNNC LAY THE GROUND FOR A COMPREHENSIVE INDUSTRIAL & COMMERCIAL PARTNERSHIP (February 21, 2017)

Fruit of the long-standing cooperation between AREVA and CNNC this agreement covers the nuclear fuel cycle activities. It supports the on-going industrial negotiations between New AREVA and CNNC (Chinese commercial reprocessing-recycling plant project in particular) and opens up new industrial and commercial opportunities for both sides.

This agreement is a key step in the deepening of the civil nuclear energy cooperation between France and China, and aligns with the expectations set by the two governments in their Joint Statement on Civil Nuclear Energy Cooperation of June 30, 2015.

http://www.areva.com/EN/news-10920/new-areva-and-cnnc-lay-the-ground-for-a-comprehensive-industrial-commercial-partnership.html

As part of a restructuring, under which 87 percent state-owned Areva will sell its nuclear reactor unit to utility EDF (EDF.PA), Areva was expected to transfer its uranium mining, nuclear fuel production and decommissioning activities into a new company, provisionally named NewCo.

http://www.reuters.com/article/us-areva-restructuring-newco-idUSKCN1152Q5

China National Nuclear Corporation (CNCC)

https://en.wikipedia.org/wiki/China_National_Nuclear_Corporation